The text directly below is taken directly from page 2 of the POET Overview document (released on October 20, 2014) linked on their website.

"The Company has 34 patents issued and 9 patents pending for its semiconductor POET platform, which is currently being developed through ODIS. The Company has licensed the intellectual property portfolio developed by our Chief Scientist and Director, Dr. Geoff Taylor, at UCONN. We believe that our patent and trade secret protection on POET, together with ODIS’s specific design knowledge using POET elements, will provided us with a large, defensible barrier to outside competition. "

Below is the text from the recent AIF for comparison:

"We have patents issued and patents pending for our semiconductor POET platform, which is currently being developed through ODIS. We have licensed the intellectual property portfolio, developed by our Chief Scientist and Director, Dr. Geoff Taylor, at UConn. We believe that our patent and trade secret protection on POET, together with our specific design knowledge using POET elements, will provide us with a large, defensible barrier to outside competition. "

The slightly different wording clears things right up.

Wha'd I tell ya? It's all in the context. :) Hope this helps.

Green